Financial
Distress signals
Property profile

2110 1St St Cheney, WA 99004

FOR LEASE
Retail space
Property ID
US90-0686454
6,400 SF 0.45 ac lot Built 1966
Last sale Jun 2021 · $225,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2110 1St St, Cheney, WA 99004 For Lease
$2,950/Mo 6,400 SF available
2110 1St St, Cheney, WA 99004
View Listing

Property summary

AI-generated overview

This retail property in Cheney, Washington consists of a 6,400-square-foot building on an approximately 19,800-square-foot lot, with 100 feet of frontage along 1st Street. The site includes an existing pylon for signage and the building is equipped with gas heating and a 200-amp, single-phase electrical system. A roof replacement was completed in 2024, and improvements include interior insulation installed throughout the front retail sales area and an updated glass entry facade that was planned for completion in late 2024. The property is zoned General Commercial (C-2).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$231k
Assessed land$158k
Assessed improvement$72k
Effective rate0.84%

Value estimate

· Sep 2026
$245k
$221k – $270k
AI approach$240k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 1,250.61% cap applied$37k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$188/SF
County average, outlier-cleaned · 288 recorded sales of this use type
Observed band · Q1–Q3$88 – $363
Qualifying comparables5

Cap rate analysis

How does the asset earn?
1,250.61%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.4
Convenience Store9.0
Plumbing Service9.0

Location

2110 1St St Cheney, WA 99004
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
404 2nd, Cheney, WA 99004-1604 $2,678,000 Sep 2023 4,704 SF
1420 1st, Cheney, WA 99004-1804 $415,000 Jun 2022 4,356 SF
304 1st, Cheney, WA 99004-1506 $400,000 Feb 2022 3,846 SF
2533 1st, Cheney, WA 99004-5341 $6,200,000 Nov 2019 16,261 SF
513 1st, Cheney, WA 99004-1651 $255,000 Oct 2019 2,470 SF
10021 Sr 904th, Spokane, WA 99004 $240,000 Dec 2018 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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